South Korea is highly keen in boosting the trade with Bangladesh and Korea

The exchange among Bangladesh and Korea should be expanded past material and of clothing parts; Nak-far off says the Korea-Bangladesh Business Forum on Sunday, July 14, 2019. Photograph: Collected

South Korean Prime Minister Lee Nak-far off today communicated his administration’s enthusiasm to put resources into some developing parts of Bangladesh like framework, power, data and correspondence innovation, development, dispatch building and vitality for boosting business volume of the two nations.

The exchange among Bangladesh and Korea should be expanded past material and of clothing segments, Nak-far off said the Korea – Bangladesh Business Forum.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and Korea International Trade Association (KITA) together sorted out the discussion on the event of the three days’ visit of Nak-far off in Bangladesh at an inn in Dhaka.

Organizations from both the nations, clergymen, negotiators, exporters, shippers and exchange body pioneers went to the gathering to investigate the business openings between the two nations.

The meeting head administrator likewise said some enormous Korean organizations have just put resources into Bangladesh, yet there is an extension for further business development here.

Aside from material and piece of clothing divisions, he especially communicated enthusiasm for helping development of 10,000 ICT focuses crosswise over Bangladesh, in vitality and development.

Asserting that some Korean organizations have been working in the development segment, he said there is a ton of chance to put resources into the main private Korean Export Processing Zone in Chittagong.

The Korean Daewoo Company helped a great deal to prepare up labor in the clothing segment in Bangladesh in 1979.

Afterward, the Korean worldwide organization YoungOne put resources into of clothing division in Bangladesh and utilized a large number of specialists in the part.

Right now, the size of the all-out speculation by Korean organizations in Bangladesh is $1.12billion basically in materials, cowhide and banking segments, he said. While tending to the organizations of the two nations, Sheik Fazle Fahim, FBCCI president stated, as a significant exchange accomplice the respective exchange among Bangladesh and Korea remained at $1.5 billion in the last monetary year with fare from Bangladesh worth $0.25billion and imports worth $ 1.27billion.